Correcting amendments, domestic production activities deduction for agricultural or horticultural cooperatives
The corrections to the final regulations are applicable after January 19, 2021.
Domestic production activities deduction for agricultural or horticultural cooperatives
The U.S. Treasury Department and IRS today released for publication in the Federal Register correcting amendments to January 2021 final regulations (T.D. 9947) relating to application of the domestic production activities deduction under section 199A for specified agricultural or horticultural cooperatives. Read TaxNewsFlash for more information on the January 2021 final regulations.
The corrections are effective on November 17, 2022, and applicable after January 19, 2021.
Read the correcting amendments [PDF 253 KB] (3 pages as published in the Federal Register on November 17, 2022)
For more information, contact KPMG’s National Director of Cooperative Tax Services:
David Antoni | firstname.lastname@example.org
Associate National Director of KPMG’s Cooperative Tax Services:
Brett Huston | email@example.com
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